GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Down – Here’s Why

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down prior to trading on Friday. The stock had previously closed at $62.67, but opened at $58.53. GraniteShares 2x Long AMD Daily ETF shares last traded at $52.7560, with a volume of 1,440,706 shares traded.

GraniteShares 2x Long AMD Daily ETF Trading Down 21.3%

The company has a fifty day moving average price of $64.13 and a 200-day moving average price of $46.28.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Institutional investors have recently added to or reduced their stakes in the company. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $1,726,000. Group One Trading LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter worth approximately $524,000. Client First Investment Management LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter worth approximately $1,097,000. Simplex Trading LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth $819,000. Finally, StoneX Group Inc. purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth $688,000.

About GraniteShares 2x Long AMD Daily ETF

The GraniteShares 2x Long AMD Daily ETF (AMDL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Advanced Micro Devices stock. AMDL was launched on Mar 4, 2024 and is issued by GraniteShares.